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Lord Shipley (LD)

Speaking in the House of Lords on 15 September 2025

Debate

Planning and Infrastructure Bill

Contribution

My Lords, in the absence of other speakers, I am interested in the points made by the noble Lord, Lord Fuller, and will be even more interested in the Minister’s response, bearing in mind what I said in the previous group about management of risk and who underpins a development corporation in the event of financial loss. Amendment 197 is very important. There are two issues: the automatic “removal of hope value from the valuation of the relevant land” proposed for development and, secondly, whether land purchases by development corporations should be seen as “public sector investments to be counted against departmental expenditure limits”. This amendment in the name of the noble Lord, Lord Liddle, is important and I hope that the Minister will respond to it.

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